Cairo – Mubasher: Standard & Poor's Financial Services expects the improvements in the Egyptian economy to continue, Egypt’s Ministry of Finance stated on Wednesday.
The North African country’s debt-to-GDP ratio is expected to decline to 80.5% in 2022, according to S&P’s data.
Moreover, the American financial services company expects Egypt’s unemployment rate to go down to 7.5% in 2022.
It is noteworthy that the Egyptian government forecast that the debt-to-GDP ratio will reach 83% during the fiscal year 2019/2020.
